RICS Business Valuation Conference to address concerns in compliance of business valuation for corporate transactions

HONG KONG, CHINA - Media OutReach - 09 November 2017 -- RICS (Royal Institution of Chartered Surveyors) will host the first Business Valuation Conference in Hong Kong at the Conrad Hong Kong on Friday 1 December 2017.


In response to the increasing concerns in valuation for corporate transactions, based on the theme "Enhancing trust in business valuation -- increasing transparency and consistency" , the conference will address the significance of business valuation in financial markets, and identify and review risks, compliance and regulatory concerns associated with business valuation.


The conference will examine the need for a broader set of stakeholders to collectively work towards increased transparency, and the adaptation of valuation models and practices that better reflect businesses and assets tied to the rise of the digital economy. It will also explore regulatory initiatives on firms and representatives that provid e services linked to financial instruments, and the regulation of financial institutions.


The Conference will see convergence of two major regulators in valuation sector, namely the Financial Reporting Council and the Securities and Futures Commission.


Mr Paul F. Winkelmann, Chief Executive Officer of the Financial Reporting Council will present the session "Ensuring comparability and consistency of financial report". Mr Winkelmann will address fair value measurement and the importance of upholding valuation quality to creating market confidence.


Within the regulatory spectrum, Mr Michael Duignan, Sen ior Director of Corporate Finance, Securities and Futures Commission will iterate on compliance to SFC guidelines and case studies.


P anel discussions with topics focusing on regulators, valuers, investors and company directors will explore how the industry can model good overseas practices, such as the Certified in Entity and Intangible Valuations (CEIV) credential, and foster a better framework to business valuation in Hong Kong.


Details of the Conference are available from rics.org/bvconf

About RICS

Confidence through professional standards


RICS promotes and enforces the highest professional qualifications and standards in the development and management of land, real estate, construction and infrastructure. Our name promises the consistent delivery of standards -- bringing confidence to the markets we serve.


We accredit 125,000 professionals and any individual or firm registered with RICS is subject to our quality assurance. Their expertise covers property, asset valuation, real estate management; the development of infrastructure; and the management of natural resources, such as mining, farms and woodland. From environmental assessments and building controls to negotiating land rights in an emerging economy; if our members are involved the same professional standards and ethics apply.


We believe that standards underpin effective markets. With up to seventy per cent of the world's wealth bound up in land and real estate, our sector is vital to economic development, helping to support stable, sustainable investment and growth around the globe.


With offices covering the major political and financial centres of the world, our market presence means we are ideally placed to influence policy and embed professional standards. We work at a cross-governmental level, delivering international standards that will support a safe and vibrant marketplace in land, real estate, construction and infrastructure, for the benefit of all.


We are proud of our reputation and work hard to protect it, so clients who work with an RICS professional can have confidence in the quality and ethics of the services they receive.